MultiCare Health System plans to purchase the assets of Rockwood Health System in Spokane from subsidiaries of a Tennessee-based health system.
Financial details of the agreement were not disclosed. The deal, which was announced Thursday, is expected to close in the first quarter of 2017.
This is the fifth partnership/merger/acquisition announced this month as the health care industry in Washington state continues to consolidate.
Rockwood Health System includes Deaconess and Valley Hospitals as well as Rockwood Clinic. Those facilities will become part of the MultiCare system, which includes five hospitals, 15 urgent care centers in the Puget Sound region as well as 11 RediClinics located inside select Rite Aid stores. MultiCare is also in the process of opening seven new urgent care clinics it announced in June. It calls these higher-end clinics Indigo Urgent Care.
HENRY KOTULA 